How do people learn? We assess, in a model-free manner, subjectsʼ belief dynamics in a two-armed bandit learning … unsuccessful choices, than “update up” following successful choices. The profits from following the estimated learning and decision …-rational Bayesian learning model, but comparable to the profits from alternative non-Bayesian learning models, including reinforcement …

Rule learning posits that decision makers, rather than choosing over actions, choose over behavioral rules with …. Past works on rule learning have shown that when playing a single game over a number of rounds, players can learn to form … sophisticated beliefs about others. Here we are interested in learning that occurs between games where the set of actions is not …

learning. In repeat-choice situations, such learning brings value. If probabilities appear favorable (unfavorable), a choice … can be repeated (avoided). In a series of experiments involving bets on the colors of poker chips drawn from bags …, decision makers often prove to be blind to the learning opportunities offered by uncertain probabilities. They forgo …

We present a striking example of the deconstruction and reconstruction of an anomaly. In line with previous experiments …

strategic uncertainty for late movers). The experiments that we conduct to test these theoretical results show that the learning … coordination: a learning effect (early decisions reveal information) and a complementarity effect (early decisions eliminate …